Western Union (NYSE:WU) Price Target Cut to $8.00 by Analysts at JPMorgan Chase & Co.

Western Union (NYSE:WU) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $9.00 to $8.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 2.11% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Weiss Ratings lowered shares of Western Union from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 5th. Barclays began coverage on shares of Western Union in a report on Tuesday, July 7th. They set an “underweight” rating and a $7.00 target price for the company. Seven investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $8.55.

Western Union Stock Performance

Shares of NYSE:WU opened at $7.83 on Monday. The stock has a market capitalization of $2.45 billion, a P/E ratio of 5.76, a P/E/G ratio of 1.00 and a beta of 0.46. Western Union has a 1-year low of $6.91 and a 1-year high of $10.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.88. The business has a 50-day moving average price of $7.97 and a two-hundred day moving average price of $8.87.

Western Union (NYSE:WU) last issued its earnings results on Friday, April 24th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.15). Western Union had a net margin of 10.88% and a return on equity of 55.94%. The business had revenue of $963.50 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Western Union has set its FY 2026 guidance at 1.750-1.850 EPS. Equities analysts predict that Western Union will post 1.76 earnings per share for the current year.

Insider Transactions at Western Union

In other news, insider Giovanni Angelini sold 6,000 shares of Western Union stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $9.47, for a total transaction of $56,820.00. Following the transaction, the insider owned 311,292 shares in the company, valued at $2,947,935.24. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Benjamin Carlton Adams sold 19,924 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $9.23, for a total value of $183,898.52. Following the completion of the transaction, the insider owned 234,689 shares of the company’s stock, valued at $2,166,179.47. This represents a 7.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its position in shares of Western Union by 11,759.8% during the fourth quarter. SG Americas Securities LLC now owns 7,954,045 shares of the credit services provider’s stock worth $74,052,000 after acquiring an additional 7,886,978 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Western Union by 401.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 7,604,026 shares of the credit services provider’s stock worth $70,793,000 after purchasing an additional 6,087,613 shares during the period. Qube Research & Technologies Ltd increased its holdings in Western Union by 821.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 4,170,343 shares of the credit services provider’s stock worth $35,114,000 after purchasing an additional 3,717,589 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Western Union by 3,370.2% in the 4th quarter. Marshall Wace LLP now owns 3,740,849 shares of the credit services provider’s stock valued at $34,827,000 after purchasing an additional 3,633,049 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Western Union by 128.4% in the third quarter. UBS Group AG now owns 4,900,542 shares of the credit services provider’s stock valued at $39,155,000 after purchasing an additional 2,754,827 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

Western Union Company Profile

Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. The company enables individuals and businesses to send and receive money through a variety of channels, including its vast agent network, online platforms, and mobile applications. Core services include person-to-person money transfers, business-to-business cross-border payments, bill payment services and prepaid card programs.

Through its digital offerings, Western Union provides customers with the ability to initiate transfers via its website and mobile app, as well as track transactions in real time.